WikiBit 2026-02-08 04:13Persistent selling pressure defined Hedera’s structure, keeping the price locked within a descending channel. Price formed consistent lower highs and
Persistent selling pressure defined Hederas [HBAR] structure, keeping the price locked within a descending channel.
Price formed consistent lower highs and lower lows, sliding from $0.134 toward $0.087. Each upward move weakened near the upper trendline, reflecting firm overhead supply.
Source: TradingView
Support at $0.097 eventually failed, extending downside momentum toward the $0.073 liquidity floor. Volume expanded during sell-offs, confirming active distribution rather than passive decline.
Meanwhile, MACD remained below the neutral line, signaling weak bullish strength at press time.
Buyers attempted brief rebounds near channel support, yet follow-through remained limited. Liquidity stayed thin, restricting sustained recovery attempts. Traders focused on downside liquidity clusters, targeting $0.073 as the next sweep zone before any structural reversal could develop.
Capitulation at $0.07766 sparks recovery structure
HBARs recovery process began after selling pressure peaked near the $0.07766 demand zone, where a long capitulation wick formed. This reaction followed the prolonged decline from the $0.125–$0.130 supply region and the earlier breakdown below $0.10001 support.
As liquidations cleared, volume spiked sharply, signaling panic exhaustion rather than fresh distribution. Buying activity then emerged gradually.
Price stabilized above $0.080, forming higher lows as short-term structure improved.
Source: TradingView
The rebound extended toward $0.090, where price now consolidates beneath former support-turned-resistance.
Meanwhile, RSI recovered toward 53 as of writing, reflecting strengthening momentum after oversold compression. The short-term moving average turned upward, tracking the recovery path.
If bulls reclaim $0.10001 with volume support, upside could extend toward $0.110–$0.115. However, rejection at that ceiling may renew downside pressure, exposing $0.07766 and lower liquidity pockets.
Institutional entry aligns with HBARs breakout timing
As technical recovery took shape, structural narratives began aligning with price. Hedera joined the Digital Monetary Institute in early February 2026, aligning institutional integration with its recent price breakout.
The partnership placed Hedera within a policy-shaping forum led by OMFIF, alongside central banks, payment firms, and select blockchain networks like Ripple [XRP] and ConsenSys.
Source: X
This timing proved strategic, as market sentiment had already begun improving, allowing institutional validation to reinforce bullish momentum. Participation in CBDC and digital money discussions strengthened Hederas enterprise credibility while expanding real-world infrastructure exposure.
As institutional alignment deepened, investor confidence improved in parallel. This combination supported ecosystem growth narratives and positioned HBARs price action to transition from rebound-driven recovery toward a more structurally supported trend.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00